Jim Cramer: Investors Haven't Focused On Dycom, 'You Need Companies Like Dycom'

Dycom Industries, Inc. (NYSE: DY) is a provider of engineering, construction, maintenance and installation services to telecommunications providers. The company's shares surged higher by more than 12 percent on Wednesday after the company reported a better-than-expected third-quarter print.

The stock's strong surge caught the attention of CNBC's Jim Cramer who made the company a focal point of his daily "The Mad Dash" segment. He noted that AT&T Inc. (NYSE: T) is Dycom's largest customer and the read-through is that AT&T "is doing very well — maybe better than we think."

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Cramer also suggested that AT&T's acquisition of DIRECTV was a smart move and the evidence as such can be seen in Dycom's quarterly print. Meanwhile, companies like Google (Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)) continue to build out its infrastructure in the United States, which further demonstrates that "you need companies like Dycom."

Bottom line: Cramer stated that Dycom is a company investors haven't focused on — that is until Wednesday.